by Cameron R. Kelly | Mar 12, 2021 | Cameron R. Kelly, Estates + Trusts, News, Tax
Many clients come to the estate planning process having heard about revocable trusts, and have questions about whether a trust is right for them. This article explains how a trust helps to avoid probate, and may help you decide if a trust is right for you. Probate...
by Cameron R. Kelly | Dec 9, 2020 | Business + Corporate Law, Cameron R. Kelly, Estates + Trusts, News, Tax
A frequent concern for estate planning clients is how to avoid owing estate taxes at their death. Because the estate tax has become a political issue, some of these clients are also concerned about how the election results might impact the estate tax. The following is...
by Lommen Abdo | Apr 10, 2020 | Business + Corporate Law, Closely Held or Family Business, Employment Law, Food & Beverage Law, News, Succession Planning, Tax
As an increasing number of small businesses face payroll and other working capital related challenges, many owners struggle to understand the various forms of federal and state aid designed to support them. Through the CARES Act and various state programs, small...
by Lommen Abdo | Dec 4, 2018 | Estates + Trusts, News, Tax
Federal Estate and Gift Tax Exemption: The IRS announced the official estate and gift tax limits for 2019 late in November of 2018. The federal estate/gift tax exemptions for an individual increases to $11.4 million, up from $11.18 million in 2018. This means an...
by Lommen Abdo | Mar 19, 2018 | Estates + Trusts, News, Tax
When people think about estate planning, the estate tax is one of the first things that comes to mind. The Tax Cuts and Jobs Act signed into law by President Trump on December 22, 2017 brought significant changes to the transfer of wealth, including increasing the...
by Marc A. Johannsen | Mar 15, 2018 | Family Law, Marc A. Johannsen, News, Tax
Late last year, Congress and the President enacted sweeping new tax legislation that fundamentally affects the family both during marriage and following divorce. The Tax Cuts & Jobs Act (“TCJA”) made four key changes of which you should be immediately aware....
